Lisbon housing crisis: Foreigners price local tenants out of the market
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- Опубліковано 3 сер 2023
- Many Portuguese are suffering due to the growing cost of living crisis.
Making matters worse in Lisbon, remote workers moving to the city have begun to price natives out of the housing market.
Foreign demand has pushed prices for property and services to record highs, and that causing enormous resentment, in particular towards landlords and developers.
Al Jazeera’s Sonia Gallego reports from Lisbon, Portugal.
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Not surprised, it is happening everywhere, from Mexico to Thailand.
I have left lisbon at the begininning of 2023 as i was evicted by a scammy landlord and could not find any decently priced room.Lisbon is becoming like San Francsico but the government wont care to increase the salary and control the rents as the rich digitial nomad pigs bring so much cash that they treat the avarage portuguiese citizens as collateral damage.The only way to solve the issue is to increase the taxes for digital nomads to 50% and put the 10% flat tax for resident workers as like this no one would come and pollute the market but the corrupt government would not care to do that as the big companies have the government kept on a shot leash
What about immigrants? Do you realize we are being replaced???
We are not used to share a house with 20 folks!!!
Very naive and misinformed take. The government can’t just “increase salary”… lol and the issue is greedy Portuguese landlords not digital nomads
I would say build tall residential buildings!
Wait a minute this is so stupid, how did the government not see this problem coming?
They did. They wanted foreign currency. They don't care about their people.
What problem? The situation is _very_ lucrative and profitable (for them).
This is what happens when governments debase their currency. It creates an incentive to find a better store of value and housing has become the main vehicle for storing value.
You know Portugal is in the Euro area, one of the strongest currencies in the world.
@@isabelquintans3345They are afraid of the potential BRICS currency.
It is really digital nomads? Are there really that many of them? Portugal has had a policy of being very easy for foreigners to retire there. It's more likely to me that this has now gone a little out of hand.
Portugal is in competition with southern Spain and others parts of Mediterranean Europe to attract those wealthy northern European retirees. This is due to the huge wage disparity between North and South Europe. When that is addressed the retiree pressure will be much less.
@@isabelquintans3345 And like I said, the Portuguese poorer retirees are suffering from being pushed out of the market by these rich retirees in their own country. It's very unjust.
@@peterbeer8657 do the greedy portuguese landlords bare no responsibility? Ive personally applied for an apartment only for the landlord to tell me they are upping the rent $200 because they have been "getting so many offers"
@@eddycarpenter8989 I don't know how to answer that question. Should the landlord be blamed for applying the rules of the system. Should he government be blamed to let the system run the way it is? Are people entitled to cheap housing? What will make people look to alternatives if not the price because cheap housing can just as well draw in too much demand? So, I don't know. If there is blame of the landlords, there is a collective issue to solve, not just the problem of an individual landlord, so who should solve it? I think you basically always look back at the government.
@@peterbeer8657 I love this country but I think in Portugal historically there is a culture of complacency. They were complacent with their profitable colonies in Angola and Mozambique, they are complacent with their tourism industry, and now they are complacent simply renting overpriced dilapidated apartments to foreigners. There's just not much emphasis on innovation or creating new profit centers within the country.
You should see Medellín Colombia. Minimum wage is 250 euro per month. Gringos pay rent over 1200 euro for studio apartamentos
is it the gringos fault? or the landlords charging exorbitant rent
Minimum wage is $400 and you can find a studio for like 200 a month in a normal neighbourhood. You can't complain about rent prices only looking at the nicest places.
The solution is to move to Gringoland and move in the houses vacated by Gringo expats in South America.
It is not foreigners who are pricing local tenants out of their homes. It is portuguese landlords who are doing it to their countrymen.
its both
@@viniciusjr4767Plus the local and national governments.
Greed
It's what happens when you've too many foreigners
You sound a bit racist. Only 7.5 percent are foreigners Whilst the rest 92.5 percent are Portuguese
Rich foreigners
@@markomak1And "asylum seekers".
That's a heartbreaking story. The situation, is however, much more complex than simply pointing the finger at digital nomads, whom the government attracted to the country with a specific visa scheme.
Omg Maria 😢
GENTRYFICATION OUNCE AGAIN !
Ounce? An ounce of what?
@@jobwesleycoxjr5103ounce of womanhood?! 🫣🫣🫣💯
Gentrification once again ;)
And why is that allowed? Government corrupt or what are the reasons?
Very corrupt socialist governm for a long long time.
Many generation of politicians with consecutive corruption charges.
What the foreigners are doing isn't nearly as bad as what the ancestors of the Portuguese did to the natives of their former colonies such as Brazil and Angola.
Facts!
Brazil and Angola deserved it
@@vindicator2470yuz 2.... must be right!
After their colonial past Im a bit shocked by the xenophobic comments towards immigrants by portuguese. Ive seen one person go so far as threatening the safety of immigrants
@@Arginne bull fighting dies cows survived & wot sis leave em colonizations👍😝✌️ that their language 💯 Tuned n from Aotearoa New Zealand!! They deserve a 100 fold 2 b that lippy n yap language. They deserve it!!..
Sad
Real estate speculation by foreigners is making impossible for locals to buy or rent a house
That’s been happening for years in Canada with the Chinese in British Columbia Toronto all across our once beautiful country.
God bless the free market!
@@markomak1 the free market is what’s creating homelessness your not very bright are you?
🙏💛
Alajajera and quater should help them . Instead of reporting
Socialism at work.
You don’t know the meaning of socialism, this is better described as Capitalism, brought here by capitalist Americans. You are Asian, so you cannot speak, especially coming from a communist country.
obviously all lies, Portugal is an EU country they dont just show up to your door with police and throw you out, unless you have ignored dozens of warnings and requests to leave voluntarily.
This is a picked up story. This is the common in the past building keepers (clean, care for mail, change lamps etc). They were/ are for the most part illiterate and sometimes didn't understand it wasn't an offered house, but a perk that came with the job.
The job is outdated: some landowners like my grandma allowed her buildings carer to stay post retirement for free, some haven't.
Problem is that everyone payed for social security fund in exchange for care in retirement. They spent the money (corrupt politicians) from a fund who used to be independant from governm budget. Now, they have no money to house these people. But it isn't landlord job to play social security like my grandma did. She got burned thousands of euros of her own retirement to pay up all the retirement years of that lady and familly lived in the flat, plus outside company for building maintenance.
It's what happens when people vote socialists.